Oilseeds - Oilseeds

Sunflower seed kernels: An unbelievable success story

February 23, 2017 at 11:44 AM , Der AUDITOR
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KIEV. The market in the Ukraine is currently witnessing incredible successes. Even existing export duties have failed to diminish international appetite.

Record export rates
The association Ukroliyaprom reckons that the Ukraine produced more than 19 M mt of oilseeds in 2016 and reaped a record sunflower seed crop of 13.6 M mt. Sunflower oil production increased by about 18.7% in 2016 and sunflower oil exports by 23% as compared to 2015. Despite of the imposed export duty of 10% the Ukraine, in addition, managed to export 140,000 mt of sunflower seeds since the beginning of the season. This is more than in the same period over the last six years. Most seeds, namely 80%, were shipped to the EU, predominantly to the Netherlands, France and Spain. Market observers expect total exports to amount to 290,000 mt in 2016/17.

Oilseed production 2016

type

mt

sunflower seeds

13.60 M

soybeans

4.28 M

rapeseed

1.10 M

source: Ukroliyaprom

 

The situation is different for soy oil and rapeseed oil

Although the sunflower market is thriving, the situation is different for soy oil and rapeseed oil. Production has rather decreased. This is because there are no export duties, meaning that demand for soybeans and rapeseed has been prompted.

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